Verizon says it’s “still evaluating” Yahoo discount as carrier sees another quarter of revenue decline
Verizon, the largest carrier in the U.S. and owner of a large set of media properties via AOL (including TechCrunch), today reported mixed third-quarter earnings and saw growth in subscriber numbers. But it was light on a detail about the big elephant in the room: would it ask for a discount on its original, recent $4.83 billion offer to buy Yahoo? Update: During the analyst… Read More Continue reading Verizon says it’s “still evaluating” Yahoo discount as carrier sees another quarter of revenue decline
We caught wind earlier this week that Cisco was planning a major cost-cutting operation to reduce its costs by around 15% throughout the month. It looks like the first stage of that is a round of cut jobs, with Cisco announcing as part of its earnings report that it will cut up to 5,500 jobs, or 7% of its workforce. The move isn’t unexpected as Cisco works to transition to a new era where… 
Twilio, the most successful tech IPO to date in 2016, released its Q2 earnings today after the bell. Immediately share prices increased in after-hours trading.
French/American big data startup Talend made its debut as a public company today with a pop. After pricing its shares at $18 last night (above the expected range of $15-17), the company began trading on Nasdaq under the ticker TLND at $27.66, up 54% on its IPO price, giving the company an implied valuation of $537 million. However, in the immediate hour after opening, the stock declined about… 
Apple’s third quarter results came out today. They’re pretty good! Or, at least, not bad — and good enough to keep investors happy. Very happy, actually: the stock jumped more than 7%, recovering pretty much all of the value it lost when it reported a complete whiff of a second quarter. It’s no monster crash or jump like Twitter regularly experiences, but 7% is enough… 
Apple needed a breakout quarter after its last whiff, and boy did it get one. The company reported revenue of $42.4 billion and earnings of $1.42 per share. Analysts were expecting earnings of $1.38 per share on revenue of $42.09 billion. As a result the company added tens of billions of value back to its share price, which rose 5% in extended trading. (5% might not feel like a lot, but for… 
German IT services and enterprise giant SAP reported encouraging numbers for Q2 2016, beating analysts’ expectations and spiking its share price by nearly five percent in pre-market trading Wednesday as its non-IFRS EPS increased 2 percent to €0.82 ($0.90). Analysts had predicted a quarterly EPS of $0.78. The leap is owed in part to the strength of the company’s… 
IT giant IBM has just posted its second quarter earnings, where came in at $20.24 billion and non-GAAP earnings per share are $2.95. The numbers beat analysts’ estimates of $20.03 billion in revenue and non-GAAP EPS of $2.89 per share. However, non-GAAP net income is $2.8 billion, down 25% from a year ago (GAAP net income was $2.5 billion, now 29%). And although results are…